Commuter Transit Tax Benefit to Expire at End of Year
Editable Title:
Commuter Transit Tax Benefit to Expire at End of Year
Publication:
Transportation Nation
Summary:
The cost of commuting by transit is set to rise in 2012 for 2.7 million Americans. The Commuter Tax Benefit program that allows workers to use up to $230 in pre-tax dollars each month for mass transit costs will expire if Congress doesn’t renew it by the end of the year. The parallel benefit for car commuters will stay in place.
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